Économie
US inflation outlier driven by tariffs, AI memory prices
Goldman Sachs says the apparent US inflation surge stems mainly from temporary tariff effects and AI‑related memory price rises, while underlying services and labor costs remain contained.
Swiss Parliament Approves Online Access to AHV and IV Data from 2028
The National Council and Council of States backed a digital platform that will let insured persons view their old‑age and disability insurance records online starting in 2028, aiming to cut paper costs and highlight contribution gaps.
German growth outlook revised up to 1.3% for 2024, 1.1% for 2027
Leading German economic research institutes raised their GDP forecasts, citing infrastructure spending and reduced geopolitical risks as key drivers.
Deutsche Bank forecasts two BoE rate hikes in November and February as inflation eases
The bank shifted from expecting no further increases to projecting two quarter‑point rises, citing the September MPC minutes that showed waning tolerance for elevated inflation and limited second‑round effects. It notes the moves would be insurance hikes, with rates still guided by energy prices and a Taylor Rule estimate just above 4%.
Carney Says He Spoke With Trump on Ukraine, Iran
The Canadian prime minister said he has held recent calls with President Trump covering the war in Ukraine and Iran-related issues, amid an ongoing trade dispute between the two nations.
German Economy Shows Early Signs of Slowing Mid-Year
Industry and domestic demand indicators suggest a weakening in Germany’s post-pandemic recovery, despite recent positive business sentiment.
Euro area sovereign yields rise as French debt risk spikes
French OAT yields hit 4.5% and CDS spreads surge to 2020 highs, while German yields stay near 3.2% after the ECB lifted rates to 2.5%, raising concerns over euro‑zone fiscal health.
Swiss Retirement Savings Falls Short, Equity Interest Surges in Survey
BNP Paribas survey finds Swiss rate financial security at 6.1/10, down from 6.4, as two-thirds fear AHV and pensions won't maintain living standards.
AI Safety Concerns, Hormuz Talks Delayed: Market Impact
Stocks and commodities react to AI safety disclosures and geopolitical developments in the Middle East, with oil prices surging and tech stocks declining.
St. Louis Fed President Alberto Musalem says further rate hikes may be needed to quell inflation
St. Louis Fed President Alberto Musalem said additional rate hikes may be required to curb inflation driven by strong demand and a commodity price shock.
FTSE 100 edges higher as UK borrowing data heightens Budget pressure
Sterling stabilizes and equities edge up as August public sector borrowing hits a record £18.3 billion, compressing Chancellor John Healey’s fiscal headroom ahead of the October Budget.
FINMA Enforcement Proceedings Surge 45% Amid 2025 Volatility
The Swiss regulator concluded 55 enforcement cases last year, up sharply from 38, as on-site inspections intensified across UBS and the wider banking sector.
UK borrowing jumps to £18.3bn in August, £3.5bn above OBR forecast
Public finances data show Britain borrowed £18.3bn in August, exceeding the Office for Budget Responsibility's forecast by £3.5bn and the City estimate by £2.7bn. Net debt is just under £3tn, or 94% of GDP.
ECB raises benchmark interest rate to 2.5% to combat inflation from Middle East conflict
The European Central Bank increased its benchmark rate to 2.5 percent, citing inflation pressures linked to the Middle East conflict.
ECB's Panetta: AI gain distribution will shape inflation dynamics
Fabio Panetta warned that whether artificial intelligence boosts demand through new tasks or suppresses it via automation will determine the timing and magnitude of inflationary or disinflationary pressures.
Saudi Arabia withdraws from mBridge CBDC project after proof of concept
SAMA ended participation in a China-led cross-border digital currency initiative following a successful pilot in May 2025, marking an exit from a BIS-backed platform designed for central bank digital currency transactions.
SNB Releases Key Monetary Policy Statistics on September 21, 2026
The Swiss National Bank (SNB) published updated economic and monetary policy data, including liquidity and foreign exchange reserves metrics, on September 21, 2026.
ECB finds natural gas price surges could feed eurozone inflation faster than before
The European Central Bank says recent spikes in natural gas prices may translate into inflationary pressure in the euro area more quickly than in the past.
Federal Reserve Raises Target Rate to 3.75%-4% With 25-Point Hike
The Federal Reserve increased its federal funds target range by 25 basis points to 3.75%-4%, according to the primary announcement dated Sept. 16.
U.S. Treasury Yields Cross 5% as Fed Raises Rates for First Time in Three Years
BlackRock sees AI-driven financing demands of nearly $8 trillion annually by 2030 and a structurally steeper yield curve lifting the cost of capital.
Russia's pro-Putin party wins wartime election with over 57% of vote
Near-complete results show the ruling party securing over 57% in what is being described as a wartime election in Russia.
German state elections show AfD gains and left-wing demands, economists warn of democratic strain
Economists say the rise of the AfD in Mecklenburg-Vorpommern and the left’s victory in Berlin signal growing pressure on the political centre and threaten prospects for compromise‑based policy. They caution that populist proposals could undermine reforms and increase the likelihood of further AfD gains.
Schweizer Inflation steigt weiter – SGKB warnt vor Basiseffekten
Die Teuerung in der Schweiz beschleunigt sich, doch Experten betonen statistische Gründe und begrenzte Risiken für eine nachhaltige Erhöhung der Preise.
Weidmann Warns EU Against Over-Reliance on Large Banks
Jens Weidmann, former Bundesbank president and ECB board member, urged Europe to prioritize banks with sustainable business models over sheer size, amid concerns over debt and regulatory burdens.
Key Markets Themes: Trade Talks, Flash PMIs, Costco Earnings This Week
U.S.-China AI and trade talks dominate as flash PMIs and Costco results round out a busy earnings and economic data week.
